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China’s Threats Over Huawei CFO’s Arrest Rattle Canadian Business

Posted December 10, 2018

Under Economic Issues, International Trade Issues

(Peter Zimonjic, Katie Simpson & Tom Parry – CBC News)

As China continues to threaten Canada with unnamed “consequences” if it doesn't release the chief financial officer of Chinese telecommunications giant Huawei, some in Canada’s business community are openly worried about what’s coming next.

“The options are essentially limitless and that’s what’s concerning about this,” Brian Kingston, vice president of policy for the Business Council of Canada, told CBC News.

Meng Wanzhou, CFO of Chinese technology giant Huawei — and also the daughter of the firm’s founder — was arrested in Vancouver on Dec. 1. She is wanted for extradition to the U.S. on allegations of fraud, including using a shell company to skirt international American sanctions on Iran over five years. Click here to read more.